Wipro Report Revenue Gross Profit  Term Paper

Excerpt from Term Paper :

Companies can inflate their state of financial health by acquiring subsidiary companies, but this does not point to a pattern of future long-standing steady profit-making. For example, during the 2010 quarter, Wipro Technologies and the major banking operation Citibank signed an agreement for Wipro to take over the ownership and management of Citibank's data center in Meerbusch Germany (Press release, 2010, Wipro, p.2-3).

Questions remain if Wipro can afford to grow at such a pace while still providing a quality product. Wipro has "signed a multi-year transformation deal with Magyar Telekom (MT)," and a "multi-year deal with one of the largest oil and gas companies to provide managed services across the global functions application landscape" (Press release, 2010, Wipro, p.3). Wipro even has plans to expand to Korea, and there is a question as to whether such rapid international expansion at such an early juncture of the company's history is wise and being done for the right purposes.

But there are also signs of stable demand for Wipro products and services, such as its acquiring the Crime and Criminal Tracking Network (CCTNS) project from the Indian Ministry of Home Affairs; an operational contract for a state data center project from the Tamil Nadu government; a "multi-year total outsourcing win at TVS Sundaram & Sons and an IT infrastructure deal from a telecom service provider in the Middle East" (Press release, 2010, Wipro, p.3). Government and telecom services are likely to provide a steady stream of revenue, given the consistency of demand for these products, regardless of the ups and downs of the international economy.

References

IFRS Press release. (2010). Wipro website. Retrieved August 21, 2010 at http://www.wipro.com/corporate/investors/pdf-files/IFRS-Press-Release-Q1-FY10-11.pdf

IFRS Financials. (2010, June 30). Wipro website. Retrieved August 21, 2010 at http://www.wipro.com/corporate/investors/pdf-files/IFRS-Financials-June-2010.pdf

Wipro beat forecast.…

Sources Used in Document:

References

IFRS Press release. (2010). Wipro website. Retrieved August 21, 2010 at http://www.wipro.com/corporate/investors/pdf-files/IFRS-Press-Release-Q1-FY10-11.pdf

IFRS Financials. (2010, June 30). Wipro website. Retrieved August 21, 2010 at http://www.wipro.com/corporate/investors/pdf-files/IFRS-Financials-June-2010.pdf

Wipro beat forecast. (2010, July 31). The Telegraph. Retrieved August 21, 2010 at http://www.telegraphindia.com/1100724/jsp/business/story_12720772.jsp

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